India's trade deficit widens YoY to $23.5 bn in July; exports down 1.4%

India's trade deficit expanded to $23.50 billion in July, up from $19 billion a year earlier, according to Commerce Ministry data. Merchandise exports declined by 1.4% year-on-year to $33.98 billion, while imports increased by 5% to $56.18 billion. In June, exports had risen by 2.6% to $35.2 billion.
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